Business for Sale

Highly Profitable Upscale Jewelry Store

BizEx880-DM

Background

General Location:Santa Monica, CA
Category: Retail
Jewelry Design and Sales
Years in Business:26
Under Present Owner:19
Hours of Operation:7 days
Owner Hours:varies
Training:None
Organization Type:
Lease Expiration:2018
Lease Options:5 year option
Building Size:
Employees:6
Reason for Sale:want to spend more time with children

Financials

Asking Price:$2,000,000
Down Payment:Negotiable
Gross Sales:$1,231,359
Discretionary Cash Flow:$415,481
FF&E:
Inventory Included?
Inventory:
Min. Operating Capital:
Real Estate Available?No
Rent:$5,500
Financing:Call

TTM 3/16* 2014 2013
Gross Sales $ 1,313,870 $ 1,331,196 $ 1,481,120
Gross Profit $ 861,654 $ 827,792 $ 927,628
Disc. Earnings $ 482,415 $ 483,826 $ 564,425

Description

Voted by a trade publication as "one of the coolest stores in America", this boutique is located in the west part of Los Angeles surrounded by wealthy areas such as Santa Monica, Brentwood and Malibu.

The store has been around for over 26 years. It continues to be very profitable with unusually high profit margins. It has very loyal clientele and a reputation for being a premier shopping destination for fashion-forward accessories, showcasing everything from one-of-a-kind baubles to modern staples, to their expertly-curated house line.

The expertise of the staff has allowed the owner to work on an average of 2 days/week.


Please contact Dan Munter at 310-882-2200 ext 121 or dmunter@bizex.net for more information. For quicker response, register and complete the Confidentiality Agreement at www.bizex.net



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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.

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Dan Munter
Business Broker
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 121
Direct: (310) 722-1138
Lic#: 01871136




Michael S. Davidson
President, M&A Advisor
4551 Glencoe Ave., suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 101
Direct:
Lic#: 01257681